The internet domain name specialist said the growth had been boosted by “significant investment” in its management, staff and systems, with EBITDA in the first quarter of 2021 rising 23%
CentralNic Group PLC () has reported higher earnings for the first quarter of 2021 as it said “significant investment” in its management, staff and systems had accelerated organic growth to record levels.
In its results for the three months to March 31, the internet domain name specialist reported adjusted earnings (EBITDA) of US$10.1mln, a 23% increase year-on-year, while revenues jumped 48% to US$84.4mln.
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CentralNic said all of its business segments had achieved organic growth compared to a year ago, adding that investments in new products had boosted sales of its value-added services and the performance of its segments demonstrated its resilience in the face of the coronavirus (COVID-19) pandemic.
Looking ahead, the company said its market consolidation strategy will continue with opportunities being “continually assessed in what is a large, globally fragmented and growing market”. CentralNic also said it expects its full-year results to be in line with market expectations.
“In [the first quarter of 2021], CentralNic generated more revenue and EBITDA than in the whole of [the 2018 financial year]. In our Direct and Indirect segments, which provide the essential tools for business large and small to go online, growth in domain name sales has notably accelerated. More importantly, our efforts to deliver value-added services through our direct and indirect channels are paying off, with the sales of associated services outpacing domain names sales”, CentralNic chief executive Ben Crawford said in a statement.
“Subsequent to the recent acquisitions of Zeropark, Voluum and Wando, which have substantially expanded the service offering past monetising traffic on dormant domain names to a full suite of online marketing and monetisation solutions, including data analytics, management resolved to rename the segment more fittingly as “Online Marketing”. CentralNic is a leader in online privacy, as none of our marketing platforms make use of third-party cookies or collect personal data on our customers.
“We therefore expect that restrictions placed on those practices, e.g. the ban of third-party cookies in Google Chrome or App Tracking Transparency in Apple’s iOS 14.5, will benefit CentralNic, as we provide an alternative to online marketers that is proven to be highly effective whilst respecting the privacy of internet users, putting us at the forefront of companies offering solutions for a more privacy conscious world”, the CEO added.
